By Mel Oldakowski
For many people, creating
family memories are on the top of the most important things to experience in
their lives. Purchasing a home in the Maine woods or having waterfront property
is the ultimate real estate experience. Perhaps more than any other type of
purchase, a home with a view of the White Mountains or a waterfront property is
as much about a lifestyle as it is about real estate investment.
Since both
purchases can be complex, it’s important for quiet mountain view and/or waterfront
buyers to do their homework in advance with the help of their realtor.
Be sure to choose
the right property or lake for your needs. Start by asking yourself why you are
buying the home of your dreams. How do you intend to use the lake or mountain
front getaway on an ideal weekend? Are you looking for water activities and a
lake conducive to water skiing and wakeboarding? Are you looking for quiet time
with family spent having bonfires, hiking the Maine woods and birdwatching?
If you’re a
boater, water depths are essential elements to investigate before you purchase.
Depths required for different boating preferences can vary widely.
Are you looking
for a more intimate waterfront experience? If you want to go kayaking and
canoeing and commune with nature, you'll dislike being on a big, busy lake with
jet skis. Do you have fishing preferences? What other lifestyle needs do you
have? These are the kinds of questions you want to ask and answer before you
start your search.
If you are more
of the exploring-nature-type, is the property near a preserve with plenty of
space for wildlife, or near hiking or skiing destinations?
Are lake and
mountain view properties a good investment? Location, location, location! One
of the best investments you can make is either lake front or mountain view real
estate. Market studies have been conducted that show these properties grow
rapidly above the original purchase price. Both large and small, available lake
and White Mountain view properties, rarely last in thriving real estate
markets.
The annual
appreciation of lake property rises each year. National average growth is
around four percent compared to one or two percent with a standard property. As
for the summer view of the White Mountains? You know that it is more than a
view – it is an experience you become part of every day or every weekend - its
ambiance is the very thing you came here for in the first place.
Are you financing
a lakefront home? Whether you’re buying a waterfront primary home or a weekend
lake cabin, you should connect with a good mortgage loan officer early in the
process.
If you’re buying
as a second property, you’ll work together to determine the best loan option
available.
Another question
to consider is: Can you live with an association? If the lake home you are
considering is subject to an association, any potential buyer, with their
realtor, should review the by-laws and regulations before making an offer.
Lastly, there is
nothing more magical than spending time at a lake house or a quiet evening in
the Maine woods. Living on or near the water or mountain views have more benefits
than their inherent beauty. It can provide health benefits that soothe the soul
and offer peace not found anywhere else. There’s nothing quite like a sunset at
the lake or a bonfire, with the mountains in your backyard and memories they
create.
For some reason,
the colors and hues are more vibrant - redder reds, pinker pinks and bluer
blues. Add in a few, puffy clouds and some pretty pines and you’ve got a
gorgeous, naturally framed, postcard-perfect sunset. Lake life is the best
life, whether it’s just during the summer or all year round!
If you're looking
for lakefront or mountain view property, look no further! Contact me today to
find out how I can help you turn your dream into a reality. Call me at 207-205-0121
or email me at Melsellsmaine@gmail.com
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